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Commissioners approve $254,000 lake-level assessment, to be billed over seven years
Summary
Van Buren County commissioners approved two resolutions to adopt an assessment role and computation of costs totaling $254,000 for a lake-level structure, to be assessed over seven years and financed by borrowing if prepayments do not cover the balance.
Van Buren County commissioners voted to approve two resolutions that adopt an assessment roll and the computation of costs for a lake-level structure, approving a $254,000 project cost to be apportioned to nearby property owners and assessed over seven years.
The project covers replacement and permitting work for a lake-level control structure that a county presenter said is “40 something years old” and has holes. The board approved two separate resolutions: one adopting the assessment roll and computation of costs and a second authorizing the county to borrow on its full faith and credit if prepayments do not eliminate the need to borrow.
Why it matters: The approved assessments fund design, EGLE permitting (the state environmental permitting process), structure replacement and…
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